When Will You Need a Real Estate Lawyer?
Whether you are buying a new home or trying to deal with a foreclosure, you may find yourself needing legal aid. Learn how a real estate lawyer can assist you in many ways so you can successfully navigate your financial trials.
Buying a House
A real estate lawyer is needed whenever issues arise regarding the purchase of a home. Common issues include:
– Buying a foreclosed home
– Back taxes owed by the previous owner
– Issues with contracts
– Signing documents
– Negotiating prices
You don’t want to be stuck with the responsibility for a previous owner’s back taxes, or to have your agreed-upon contract go sour. If you are purchasing a foreclosed home, you want to make sure you meet all of the deadlines, so that the bank or financial institution holding the property does not cancel your purchase. Having an attorney by your side can help ensure that everything runs smoothly when you are buying a new house, particularly when unexpected financial issues arise. They can help you with documents, help with any court cases that may arise, and protect you throughout the home-buying process.
Dealing with Your Own Foreclosure
A house is foreclosed when the homeowner fails to make several mortgage payments in a row. The bank or financial institution that holds the title to your property will do everything they can to recoup their loan, which can leave you, as a financially struggling homeowner, without a place to live. This can be frightening and frustrating to deal with on your own, which is why a real estate lawyer can be so helpful.
An attorney can review your past payments and credit responsibility, and talk to your bank about working out a payment plan that could end a foreclosure that’s already in progress. If a foreclosure is already underway, they can help you establish a time frame in which to vacate your home, giving you a chance to find a new place to live. They can also help you find new properties to purchase, even if you have a negative mark on your credit report due to a foreclosure.
When to Seek Help
Anytime you experience financial issues or feel overwhelmed purchasing or selling a property, you should contact a real estate lawyer for assistance. They can ensure that all legal regulations are followed when processing money, signing documents, and meeting deadlines. With an attorney at your side, you will have the protection you need.
This type of legal aid can be beneficial to you in a variety of ways. If you find yourself with monetary or legal trouble while trying to protect your current home or buying a new place, you can use an attorney to get the assistance you need. Contact a real estate lawyer as soon as possible to address any future frustrations that can come your way.